Vaibhav Global
#5936
Rank
$659.01M
Marketcap
India
Country
Mr. Sunil Agrawal (MD & Exec. Director)
Mr. Sushil Sharma FCS (Compliance Officer & Company Sec.)
Mr. Pushpendra Singh L.L.B., M.B.A. (VP of HR)
Summary
History
VGL was founded as Vaibhav Enterprises in 1980. It was later incorporated as Vaibhav Gems Limited, in 1989 at Jaipur, India. The company became Vaibhav Global Limited in 1994 and went public in 1996-97. VGL continued expanding its manufacturing and retail capabilities and in 2005-06 acquired STS Group of companies.During the recession of 2008-09, the purchasing power of US consumers dropped significantly and VGL had to rework its strategy. The company brought the average price of its products down to $18 - $20 from $100 per piece in 2010 thereby, successfully transitioning from store-based jewelry business to discount retail business through web and TV channels.It has electronic retail units: Shop LC formerly Liquidation Channel in the US & Canada and TJC formally The Jewellery Channel in UK & Ireland. These are wholly owned TV channels as well as e-commerce platforms. The combined reach of these two TV channels is about 123 million households.
Mission
Vision
Key Team
Mr. Nitin Panwad (Group Chief Financial Officer)
Mr. Kedar Suresh Raul (Gen. Mang. of Operations)
Mr. Prashant Saraswat (Head of IR)
Mr. Srikant Jha (Managing Director of TJC, UK)
Mr. Deepak Mishra (Managing Director of Shop LC (Germany))
Mr. Anshuman Khandelwal (Assistant Gen. Mang. of Fin. & Accounts)
Mr. Jiten Dattani (Exec.)
Recognition and Awards
References
Mr. Sunil Agrawal (MD & Exec. Director)
Mr. Sushil Sharma FCS (Compliance Officer & Company Sec.)
Mr. Pushpendra Singh L.L.B., M.B.A. (VP of HR)